One of the most attractive benefits of setting up a crypto business in Costa Rica is its tax-friendly structure. The country does not impose capital gains tax on cryptocurrency transactions, making it highly advantageous for investors and companies engaged in crypto trading and investment activities. Additionally, Costa Rica’s territorial tax system means that only income generated within the country is taxable, allowing international crypto businesses to operate more efficiently.

Costa Rica’s financial ecosystem is evolving, with banks gradually becoming more open to working with crypto businesses. While traditional banking relationships for crypto firms are still developing, several fintech-friendly financial institutions and payment service providers (PSPs) operate within the country, enabling smooth fiat-to-crypto transactions. This growing financial infrastructure, combined with Costa Rica’s strong legal protections for businesses and investors, makes it an ideal location for crypto firms seeking regulatory clarity without excessive restrictions.

Furthermore, Costa Rica’s commitment to innovation and digital economy growth ensures that crypto businesses can thrive in a forward-thinking environment. With increasing blockchain adoption, a growing number of startups, and an expanding network of crypto-friendly professionals, Costa Rica is solidifying its position as a top destination for digital asset businesses in Latin America.

Although Costa Rica does not have a specific crypto license, businesses dealing with digital assets can operate legally under general commercial and financial regulations. This provides companies with the freedom to offer crypto services without the bureaucratic hurdles seen in other jurisdictions with heavy licensing requirements. Registering a crypto business in Costa Rica is a straightforward process, allowing entrepreneurs to establish legal entities with ease and minimal costs.

*It is important to disclose that to operate a crypto platform in Costa Rica it is not mandatory to have a license granted. However, in some jurisdictions this license may be requested (for banking, data processing or payment processing solutions).
  It is an official document from the commercial ministry describing that the company is authorized to operate virtual assets, custody etc.

Visit our page dedicated to VASP / crypto authorization from Costa Rica to learn more!